Ace value investor Vijay Kedia made the following observations in an interview recently.
As per him, market rewards one as per his/her perception of the market.
If one assumes the market to be a gambling den...then it will prove a casino for him/her.
In a casino, the house always wins. In this case, assume the house to be brokerages, tax authorities etc
If one is in the market for day trading (to earn a livelihood)
Daily trading is a full time job.
Its the hardest place to make easiest money in the world.
No part time fun.
If one considers the market to be another avenue for investment, then this is market for you.
One needs to remember that Rome was not built in a day. We need to give time to our investments to grow.
Give it time to mature.
Market is volatile and there are risks. Stay invested with conviction.
He also advocated to buy simple story stocks and not go for complex story with an interesting example on human psychology.
When one gets hurt, people apply dettol. Very few go for Savlon.
That's because dettol has a different smell and it burns. When it burns, people think its healing the wound.
People thus go for complex stories which they assume on their own.
Current stocks that he is banking on?
What do you think?
The interview can be heard here:
economictimes.indiatimes.com/et-now/experts/market-makers-with-vijay-kedia-kedia-securities/videoshow/46947924.cms
As per him, market rewards one as per his/her perception of the market.
If one assumes the market to be a gambling den...then it will prove a casino for him/her.
In a casino, the house always wins. In this case, assume the house to be brokerages, tax authorities etc
If one is in the market for day trading (to earn a livelihood)
Daily trading is a full time job.
Its the hardest place to make easiest money in the world.
No part time fun.
If one considers the market to be another avenue for investment, then this is market for you.
One needs to remember that Rome was not built in a day. We need to give time to our investments to grow.
Give it time to mature.
Market is volatile and there are risks. Stay invested with conviction.
He also advocated to buy simple story stocks and not go for complex story with an interesting example on human psychology.
When one gets hurt, people apply dettol. Very few go for Savlon.
That's because dettol has a different smell and it burns. When it burns, people think its healing the wound.
People thus go for complex stories which they assume on their own.
Current stocks that he is banking on?
- Cera Sanitaryware
- Aries Agro (micro nutrient story in long term)
- BEL (defence)
- NBCC
- RCF
- Sudarshan Chemicals
- Repro (digitization of text books in the long term)
What do you think?
The interview can be heard here:
economictimes.indiatimes.com/et-now/experts/market-makers-with-vijay-kedia-kedia-securities/videoshow/46947924.cms
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